Arab Finance: Company announced Energy Arabia (TAQA)It aims to reduce carbon emissions as part of the state’s move, according to statement Egyptian Stock Exchange.
She added that she seeks to achieve this by increasing the conversion of cars powered by natural gas over the next three years to reach 20,000 cars, pointing out that among the measures to increase solar energy production during those years is the establishment of new stations whose investment cost may reach $30 million.
About the consolidated and unconsolidated results of its business for the six months ending on 06/30/2024, it showed achieving a net profit. assembly It amounted to 211.324 million pounds, compared to a combined net profit of 167.271 million pounds for the same period of the previous year.
The company was established in 2006 and is considered the largest private sector company in the field of energy distribution in Egypt. The company has more than 20 years of experience in investing and operating infrastructure networks for the energy sector, from natural gas distribution to the generation and distribution of electric power and marketing of petroleum products. By providing its services through five subsectors, which are the gas sector, the electricity sector, the petroleum products marketing and distribution sector, the solar energy sector, and the water sector.
Related news
